The analysis of the sweeteners market in South Africa demonstrates a fluctuating trend over the past decade. From a peak in 2015 with a notable 3.99% year-on-year increase, the market experienced a series of declines and recoveries, with the most significant drop of 17.17% in 2020. By 2023, the volume stood at 2.36 million metric tons, with a slight yearly decrease of 0.21%. The CAGR from 2019 to 2023 indicates a marginal downtrend at a rate of -0.17% annually.
The forecast suggests a continuing slight decline with a 5-year CAGR projected at -0.16%, culminating in a total decrease of 0.8% by 2028. Future trends to watch for may include changes in consumer preferences, regulatory policies impacting sugar and artificial sweeteners, and technological advancements in the production of alternative sweeteners.
